(Reuters) - Axis Bank (AXBK.NS) rose as much as 3.7 percent to its highest intraday level in more than two years on Tuesday as dealers cited good demand for a share sale of up to $1 billion.
The Indian private sector lender on Monday was planning to raise as much as $1 billion through a qualified institutional placement, sources with direct knowledge of the matter told Reuters.
Axis Bank shares were up 3.3 percent at 9:31 a.m. after earlier gaining to as much as 1,465.35 rupees, its highest level since November 18, 2010.
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